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Search Results 0 to 41 of about 42 (some duplicates have been removed)
the markets from foreign capitol and from jack lew as treasury nominee. u.s. economics editor for "the economist," and senior economics reporter steve leaseman. steve, first to you. what are the markets saying? what is jack lew's reputation in wall street and what do you see coming forward with debt negotiations? >> i think this appointment is being taken advisedly in the sense that it's a kind of wait and see. you know, from my perspective, having covered more or less -- more or less degrees, seven of the past treasury secretaries, jack lew does come to the table with a bio that perhaps has less independence in it than any treasury secretary i can remember. robert rubin, hailing from goldman sachs, salary summers was a renowned economist. paul o'neil from alcoa. there's nothing on lew's resume that suggests any measure of independence. markets want a little bit of independence from their treasury secretary. that said, if jack lew's appointment can, in fact, result in some kind of longer term budget deal affixed to entitlements, tax reform, corporate and individual that i think markets
treasury secretary. big job. he want jack lew to replace timothy geithner. lew has been a budget director for president obama and former president clinton. he also has experience with banks. the former chief operating officer for city groi group. he has a wife and two children. ali, good to see you, my friend. lew is considered a budget whiz as we were discussing yesterday. >> yeah. >> a seclude negotiator if you like. quality that will come in handy when he takes on the negotiations with congress on the debt, reining in spending. tell us what you know about his negotiating style. >> i'll tell you, the one problem is that the white house in general has not been seen as the most successful group of negotiator. being the chief of staff to president obama might be seen as a bit partisan for the job. let me tell you, four years ago, michael, the world was in a financial crisis, it all circulated around banks and credit and central banks. timothy geithner was the guy for the job. head of the federal reserve. he was in the room when they decided to let lehman brothers fail. he knew what was goi
signature. this is jack lew. all signs point to president obama say i knowing him to replace tim geithner. and if he is nominated and confirmed, that will mean that our money might end up looking like this. because that is jack lew's signature on it. if he doesn't choose to tune up the legibility of the loop de loops like tim geithner did, our money mite look like this. what "new york" magazine described as a slinky that has lost its spring, republicans in washington are hinting that we won't actually have to worry about seeing jack lew's wacky signature on our money. they're saying he doesn't have to worry about changing the signature to it looks good on the money because he, jack lew, will never be the guy who has to actually sign the money. he will never be treasury secretary. politico.com today to be, quote, scoffing at the notion of jack lew as treasury secretary. mitch mcconnell is said to have been irked by mr. lew in the past. republican senator from nebraska, mike johanns called lew a controversial pick. the reasonable he is controversial is, quote, i think there are nick policie
, the president nominated the current white house chief of staff jack lew to replace timothy geithner. >> jack has my complete trust. i know i'm not alone in that. in the words of one former senator, having lew on your team is the equivalent of a coach of having the luxury of putting somebody at almost any position and knowing he will do well. >> joining me is john harwood, a lot of nice compliments for mr. lew. we do we anticipate any trouble? we have heard one or two republicans expressing unhappiness with the selection. >> reporter: well, i just got a tweet from his former spokesman at omb which said that jack lew before the full senate for confirmation five times. not a single no vote so far. i would not expect that to be the case this time but i don't think there's a serious threat to the nomination. jack lew is confident, self effacing. he is easy to get along with. yes, a tough negotiator. some republicans didn't like that. yes, some republicans don't like president obama's economic policies. fair enough. that's not much of a reason to vote against him. i wouldn't expect much opposition. >>
for pick for the new treasury secretary. it's believed to be jack lew. that is who he will nominate. chief congressional correspondent mike emanuel looks at the lew pros and cons tonight from the white house. >> two sources close to the process say white house chief of staff jack lew is expected to be nominated by the end of the week. publicly, jay carney avoided getting ahead of president obama. >> i don't have a timetable for any other personnel announcements but i have no new information. or any change information on secretary geithner departure. >> sources say lew is up with of the president's favorites because of the sharp knowledge of the federal budget and no drama style. capitol hill republicans say lew gained a reputation for being arrogant and rigid in the 2011 dead ceiling fight. the top republican predicts a bumpy confirmation process because lew is too political in the capitol hill testimony. >> he refused to acknowledge basic financial certainly and spun numbers in a way that benefited president. he did not show credibility he wants in the cabinet position. >> the confirmatio
, jack lew. jack lew who has one thing in common with president obama's last three presidential nominations, john kerry, chuck hagel and john brennan they are all white males. does the president have a diversity problem? hey, we'll get into that. afterall, he is the first african-american president. but first the latest out in los angeles, here she is with today's current news update, lisa ferguson. hi, lisa. good morning. >> hey bill. good morning everyone. vice president joe biden continues his talks on gun control today. he's meeting at 2:15 this afternoon with representatives from the video gaming community along with researchers who study the effects of simulated violence on young kids. last night's meeting with the hollywood entertainment industry went relatively well according to representatives at the meeting. they said the industry appreciates being included in the dialogue and looks forward to doing its part in seeking meaningful solutions. it still is not quite clear though what more washington can do to force tv shows and movies to temper the violence. >>> as for yes
on his chief of staff, jack lew, to fill the slot at treasury, being vacanted by secretary geithner. lew has gone before the full senate for confirmation more than once in the past four years. he hasn't gotten a no vote yet. and the president doesn't expect one now. >> jack has my complete trust. i know i'm not alone in that. in the words of one former senator, "having lew on your team is the equivalent as a coach the luxury of having somebody in almost any position and knowing he will do well." and i could not agree more. so i hope the senate will confirm him as quickly as possible. >> one thing lew may have to work on, though, if he gets the job, his signature. yes. this string of loops is actually jack lew's signature. and it's not a small thing, considering it would go on all the new dollar bills. that's the first one we would see. and frankly, a lot of currency over the next few years. >> jack assures me that he is going to work to make at least one letter legible -- [ laughter ] -- in order to debase our currency, should he be confirmed as secretary of the treasury. >> all kidding
all cited by president obama as he nominated his chief of staff, jack lew, to be the next treasury secretary but the announcement is drawing attention to the makeup of the president's second-term cabinet. it's on track to be dominated by men. our white house correspondent brianna keilar is joining us from the white house. what is the white house saying about all of this? >> reporter: wolf, the white house has been asked about this quite a bit. white house press secretary jay carney has said that the president believes diversity is important and he's highlighted that there are a number of women serving in the white house and in the administration and indeed there are, wolf, and there's lack of topics in his cabinet. president obama choose a trusted insider to replace timothy geithner as treasury secretary. >> under president clinton, he presided over three budget surpluses in a row. so for all of the talk out there about deficit reduction, making sure our books are balanced, this is the guy who did it three times. >> reporter: jack lew, obama's chief of staff and former budget direc
says jack lew must never be secretary of the treasury. january none bream is at the white house. why? >> well, shepard, he, like many other republicans on the hill say that lew is the wrong man for the job because they call him a big government liberal. someone who has blocked them at every turn when they have tried to pass more spending cuts essentially. you know it's a very sore topic here in washington. you mentioned that sessions is the top republican on the budget committee. he told me today that two years ago when lew testified he lied. those were session's words. here is a bit more of what he had to say. >> we just can't have somebody who can't acknowledge, can't look the american people in the eye and tell them the truth about our financial condition. >> following lew's formal nomination here at the white house a number of other republican senators sent out reactions saying they are going to have an open mind. they will listen through the vetting process in the senate. most of them are inclined at this point to vote no. shep? >> shepard: much of the word we are getting this i
that guns protect citizens. >> president obama's cabinet shuffle continued today when he nominated jack lew for treasury secretary. he will have to hit the ground running. the nation is society to hit the borrowing limit at the end of january. the president insists lew is ready. >> having lew on your team is the equivalent of a culture to have the luxury of putting anyone in a position and knowing he will do well. >> president obama considered resending the nomination after seeing lew's signature which would be on all currency if confirmed. rick santorum is launching a campaign to defeat the nomination of rick hagel. he says hagel "antiisrael pro iran mindset makes him unqualified for the pentagon job." president obama nominated hagel on monday. >> we're now learning that it sequestration could mean a month-long furlough for civilian employees at the military. the plan requires $45 billion in budget cuts including a 15% cut in payroll. the pentagon says they are studying other options. >> the race is on for a new location for the f.b.i. political l
suit. >> i think it's great. >> agree. eight minutes after the hour. and jack lew, what an interesting signature this man has. if jack lew, president obama's nominee for treasury secretary gets the gig this scribble may be on all of your money. lew may have the most illegible signature of all time. look at it. it's nothing but a doodle. like nine loops in a row. >> that is something my 2-year-old would do. >> on treasury secretary. yesterday president obama assured the world that the american dollar is, in fact, safe. >> i had never noticed jack's signature. and when this was highlighted yesterday in the press, i considered rescinding my offer to appoint him. jack assures me that he is going to work to make at least one lett lett letter legible, should he be confirmed as secretary of treasury. >> this is what his signature would actually look like on the dollar bill. that's just awful. >> is it third grade when they focus on your handwriting skills and penmanship? maybe he can sit in on a class. >> the treasury secretary wants to audit your class. >>> nine minutes past the hour. yester
: this could be a battle, a battle over the president's nomination for jack lew as treasury secretary. republican senator jeff sessions has become the first senator that vows to vote no on that nomination. white house spokesman jay carney with this comment just yesterday that got some attention about our out of control debt. >> most importantly, because deficit reduction is not a goal, a worthy goal unto itself this is all about making our economy stronger and making it more productive and allowing it to create even more jobs. i mean that is the most important thing when it comes to economic policy as far as the president's concerned. bill: okay. steve hayes, senior writer, "weekly standard", fox news contributor. interesting comment i think at a minimum. specifically on senator sessions, strong words. lew must never be treasury secretary. he calls outrage just testimony, testimony that he doctors false, that lew gave to the senate budget committee two years ago. there is baseline of information we need to share first of all. what is that about the testimony? >> well, i think the thin
of integrity, every single one of them, no scandals including the new treasury of secretary jack lew so there will be no scandal or no stupidity, wob exception there is cautious, reliable, responsible and for the most part extremely experienced. and so i give them high marks for these sorts of things. i think the way you fault a president is they are already very well-known to him, have been for a long time. a lot of them are already working for him and are probably exhausted by what is happening over the last four years. second, nobody from bismts i really think it would have been useful to have somebody from the business community. third, still very strong on the harvard, yale, princeton axis, very of the establishment of the democrat central left democratic party. and so if you wanted some freshness, if you wanted somebody outside the box, somebody who would bring something new to an administration that is already tired because of what has happened, i don't think you see that. so you see caution, safety, intelligence and experience. you don't see fresh. >> if you want die virts, i me
the presidential cabinet. this afternoon, president obama will nominate jack lew secede timothy geithner as secretary. he's currently the white house chief of staff and budget director. he will be nominated at 1:30 this afternoon and we'll stream it live on nbcwashington.com. don't miss it. >>> talk about funny money, cash may look loopy if lew is confirmed. doesn't this look like a scribble? it's his signature. the treasury secretary's signature appears on all printed money so these loops may pop up on fives, tens and 20's. outgoing treasury secretary timothy geithner's signature improved greatly when he took office. >>> the president is also now looking for a new labor secretary. hilda solace resigned yes and will likely return to california and run for a seat on the los angeles county board of supervisors. three say they'll stay on, attorney general eric holder health & human services secretary kathleen sebelius. look closely at president obama when he takes the oath of office during his second inauguration. you'll notice he'll have his hand on two bibles. one was used by abraham linc
secretary. jack lew takeover of the administration's affairs for a new fight with republicans over the nation's debt. >> in the names of one former senator, having him on your team is the equivalent of having a coach of having a player to put somebody at any position and knowing he will do well. >> he has experienced on balancing budgets in the clinton administration. if confirmed, he will replace timothy geithner who led the department to the economic turmoil of the first term. as we told you on thursday, we have -- lew has been criticized for his bad current -- for his bad signature. >> the president even joked about this, saying that he consider rescinding the nomination after seeing the loopy signature. this was posted on buzzfeed. the loops. >> that is a close resemblance to his signature. it is 4:51 right now. 41 degrees. >> a huge surprise for local youth battling brain cancer. it is a story will see only on seven. >> at coming up, going on a trial. we will meet a woman who rejected cosmetics. why she says that she feels more >> good morning, everyone. i am meteorologist jac
live to the white house. president obama is set to name jack lew as the next treasury secretary, becoming the 76 to treasury secretary so far. so far only one republican has come not in opposition. we will hear from the president and likely jack lew as well. vice president joe biden continues meetings on the gun violence task force coming hearing from walnut -- wildlife interest groups this morning. he is doing a widespread review of the safety laws. he will be meeting in about half an hour with the national rifle association. president obama has set a late january deadline for vice- president biden's proposals. before the meeting got under way, he spoke to reporters for about 15 minutes. >> let me thank you all for being here. you represent the bulk of sportsmen in this country, and you all know this is a complicated issue. there is no singular solution to how we deal with the kind of things that happen in new town or colorado or the general gun violence in america today. the president and i and the cabinet, we understand it is a complicated issue. that is why when the presiden
the one that's got the toughest road, i think there's criticism of jack lew and john brennan, but also i think especially for chuck hagel as secretary of defense. interestingly enough, he was a former republican senator, and i think he thought he'd get bipartisan support. hagel didn't make a lot of friends among republicans because he was well to the left of them on a lot of foreign policy issues. opposed the troop surge in iraq, and opposed get tough measures against iran. a lot of leading republican senators don't like him. and some top democrats who are at least on the fence about him, because he took -- he made a statement about gays that they didn't like several years back. and also he has not been an unquestioned supporter for israel. i think hagel has the toughest road to go. we'll be talking to two key senators about that and the fight over gun control, which is starting to pick up in the capital. kelly ayotte, rising republican star, and senator from connecticut, blumenthal. >> looks like john kerry is the one that might sail through easier than the other two? >> i think kerry w
soon be a new signature on the dollar bill, jacob "jack" lew is said to be the president's pick to replace treasury secretary timothy geithner. that nomination is expected tomorrow. should he be confirmed by the senate, one of lew's first challenges will be dealing with the rapidly approaching debt ceiling. darren gersh reports. >> reporter: assuming he wins senate confirmation, jacob "jack" lew will take over a treasury that is rapidun
. ♪ >>> president obama will nominate his chief of staff over at the white house, jack lew, to be the next treasury secretary. >> it's going to be his signature, right, on the bottom of all our currency. it will look something like this. >> that -- that's your signature? or are you just testing to see if the pen works? hey, lew, here's a tip. stop signing all your checks on the teacup ride at disney world. the only way that you're allowed to have that as your signature is if your name is boing! >> he does have a funny signature. welcome back to "morning joe." richard wolffe and donny deutsch are still with us. >> beautiful sunrise. >> it is beautiful. >> beautiful. >> beautiful friday morning. >> what's that in the background blinking? >> a chopper. >> another chopper. let's stay on this shot. this may get interesting. >> no. joining the table -- good lord -- "new york times" columnist gail collins. it's good to have you on board this morning. >> good to be here. it's friday. >> it is friday. >> yeah. >> nice silence. >> you know -- >> you know what alex just said to me? >> what's that? >> let's do
of staff jack lew of management and budget is considered to be tim geithner's most likely successor and that's deputy national security adviser denis mcdonough. anything could change, but those could be the most likely picks. other members of the administration suggest they're heading for the exits and you would assume the stuff starts ranking up in the next week or so. lisa jackson announced her departure at the end of january and rebecca blank who took over in june after secretary bryson went on medical leave. also expected to leave ray lahood and ken salazar and steven chu. likely with appointments of lew and mcdonough you'll hear more voices demanding more diversity in that cabinet, if you will. how does the president end up solving that problem and create a cabinet that, "looks like america." >>> all right, picking a fight over the president's pentagon pick. one thing the left and the right can agree on. chuck hagel may have an uphill battle in the senate. next, we'll get the view from both sides. former romney campaign adviser dan seymour and dan clemens will be here for a deb
. but other shows have other theories. >> there is jack lew signature. we could have a pretty ugly signature on our dollar bill. >> is it even a signature or did he start drawing charlie brown and give up after the hair? good grief! and it got no better when lew explained his fiscal policy quote i describe budget tapestry when it's hope dream of a nation. >> bret: thanks for inviting us into your home tonight. that is it for "special report," fair, balanced and unafraid. charles, i had more time. >> shepard: this is the fox report. tonight, the feds say the deadly flu epidemic -- outbreak is now an epidemic. widespread in all but three states and killing children. but there may be some good news. and it's supposed to be among the most advanced passenger jets in all the world. but for the dream liner, it's really more nightmare. they have had electrical problems, a cracked windshield, even a fire. >> every new commercial airplane has issues in the inner service. >> shepard: now the feds are investigating. still, the dozens of dream liners already in service are going to keep flying. >> nothin
january 25th. unclear if that's going to mean a seamless transition with the president's nominee jack lew since it seems unlikely at this point lew will be confirmed by the senate before geithner leaves. so maybe the deputy secretary will fill that gap. geithner, if he wants one, can have almost any finance job that he wants. he'll take at least six months to consider his option. they don't say whether or not he wants to go into finance. the question is what kind of job would be appropriate for geithner to take given that he was intimately involved in bank rescue operations over the past several years? and what kind of job could he take in the post-crisis world and still be eligible to come back into government if he wanted? fed chairman ben bernanke, he's expected to move on after his term expires in 2014, and geithner would clearly be someone the president would consider. according to sources, geithner wouldn't want the job but the president has been very successful in getting geithner to do things he hasn't wanted to, like stay on treasury for an extra year or two and geitner has been
. i'm also told, by the way, that jack lew who currently serves as the chief of staff to the president, been very involved in these fiscal cliff negotiations, is likely to be nominated as the next treasury secretary. he's got some republican opponents on the hill. and there's some concern in the business community that he doesn't have enough business and market expertise. but he is expected to be confirmed after nomination. >> chuck hagel, maybe to defense. jack lew to treasury. still have to do cia -- other jobs to do as well. but the president is still in hawaii right now, coming back over the weekend. >> and it's interesting when you talk about this president and talking to people who are familiar with his thought process. it's really about a comfort level for this president. he likes to nominate people he already knows, feels comfortable with in his inner circumstance. . we've seen that on the white house staff, for example. that's what i think we're seeing here in these nominations. >> obviously feels comfortable with john kerry who was nominated as secretary of state. i think he
is going to nominate as soon as tomorrow, jack lew to be the next treasury secretary. we will update the story as we get more information. coming up at noon eastern, we will take you live to the connecticut for -- take you live to connecticut for the state of the state address. next up from new jersey, chris christie's third state of the stake, focusing largely on hurricane sandy relief and recovery efforts. it is about 45 minutes. [applause] thank you. governor. thank you. thank you very much. thank you very much. thank you. thank you. thank you all very much. thank you. thank you all very much. lt. gov.>> lieutenant governor guadagno, madam speaker, mr. president, members of the legislature, fellow new jerseyans, since george washington delivered the first state of the union in new york on this day in 1790, it has been the tradition of executive leaders to report on the condition of the nation and state at the beginning of the legislative year. so it is my honor and pleasure to give you this report on the state of our state. one year ago, we were scheduled to gather on this second
is jack lew has that the president cited decided a major budget fis with republicans on the debt ceiling and recently somewhat perverted fiscal cliff, also budget director under president bill clinton and obama known as someone with a very deep knowledge of budgeting. before joining the obama administration, he was a chief f operating officer at the citigroup alternative investments unit reported lost money to do that, although it earned profits from betting against the subprime mortgage market and will be if the fed to confirm him in one predicts very contentious process. >> it is a bumpy confirmation process. many people have no secure treasury will tell them the truth both of financial conditions of this country and lay out a plan that can be analyzed and studied it will hold up under scrutiny. they haven't done that from the white house yet. he has had a failure to lead. speaking of the republican complaint, difficult to work with during 2011 debt ceiling debate, probably a plus for the president. i do. cheryl: probably why he did that. thank you. dennis: a billion smart phones can b
of the president's cabinet, the white house chief of staff, jack lew, is going to be nominated to become the next treasury secretary. he would replace timothy geithner. the search is on now for a new labor secretary now that hilda s solis has announced she's stepping down. staying on the job for now is attorney general eric holder. he'll be working with the vice president on those new gun control measures that we heard biden talk about just a few minutes ago. he could leave by the end of the year. the white house also announcing health and man less than 90 minutes. some films are considered to be shoo-ins for nomination. lots of drama, though, in this case. a nischelle turnpike e turner is angeles for us today. >> reporter: the good thing about the academy is they like to zig when other folks zag so there could be five to ten nominations for best picture this morning. conventional wisdom is it's been a really good year for film. there's a little something for everyone. >> i like our chances now. >> reporter: the campaign for best picture is about to get real. and there's no doubt "lincoln" will b
to be treasury secretary says he is going to change his signature. jack l he want w has been mocked for his loopy signature. even president obama poked fun at him. he joked that he nearly rejected the nomination because it is not readable. lew's nomination means that his signature will be added to the dollar bill if he is confirmed. >> they should show his new signature. >> he has to work on it. he has to perfect it. >> make it look official. going to be on the dollar bill, that is a big deal. okay. this is a live look outside right now. we'll get tucker barnes to sign off on this weather for the weekend that is going to be so good. >> nothing loopy this weekend. well, it is a little loopy actually. >> loopy today. >> some rain showers later today and then this weekend, temperatures will be 20, 25 degrees above normal by sunday. so i would go way little loopy for the forecast this weekend. >> yeah. that is like spring-like. >> let's do temperatures. we have to concern ourselves with today first. your morning commute should be dry. ments a little chilly out there. temperatures are falling back int
Search Results 0 to 41 of about 42 (some duplicates have been removed)